Market Overview:
The global light vehicle OE tyres market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X% during the forecast period. The global light vehicle OE tyres market is segmented on the basis of type, application and region. On the basis of type, the global light vehicle OE tyres market is segmented into radial tires and bias tires. Radial tires are expected to account for a larger share in terms of value as compared to bias tires during the forecast period. On the basis of application, commercial vehicles are expected to account for a larger share in terms of value as compared to passenger vehicles during the forecast period. North America dominates this market followed by Europe due To high demand from commercial vehicles sector In these regions .
Product Definition:
Light Vehicle OE Tyres are tyres that are specifically designed for light vehicles. They have been developed to provide a high level of performance and safety, as well as durability and long life. Light Vehicle OE Tyres can be used on a range of different vehicles, including passenger cars, vans and light trucks.
Radial Tires:
Radial tires are designed to deliver better performance in off-road conditions. They have a ribbed pattern that helps in improving the contact between the tire and the wheel, which enhances stability and traction. The radial construction of these tires results in higher load capacity than other types of tires, which improves its durability.
The growing demand for light commercial vehicles is expected to be one of the major factors driving market growth over the forecast period.
Bias Tires:
Bias tires are also known as radial tires. They are designed and manufactured in such a way that the ply of the tire is laid in two distinct directions, which helps to reduce rolling resistance and increase fuel efficiency. The bias tire is made up of rubber sheets that are wound around a steel or aluminum inner core.
Application Insights:
Passenger vehicle application dominated the overall industry in terms of revenue share at over 60.0% in 2017. The segment is expected to witness significant growth during the forecast period owing to rising disposable income and consumer preference for purchasing passenger vehicles with better aesthetics, comfort, and safety features.
The commercial vehicle application segment is projected to expand at a CAGR of XX% from 2018 to 2030 owing to increasing demand for trucks and other cargo-carrying vehicles across end-use markets such as North America and Europe. In addition, regulatory bodies have laid down guidelines pertaining standard dimensions for light commercial vehicles thus providing an impetus towards market growth over the coming years.
Regional Analysis:
Asia Pacific dominated the global light vehicle OE tyres market in terms of revenue with a share of over 40.0% in 2017. The region is expected to witness significant growth over the forecast period owing to increasing automotive production and sales, especially in China and India. In addition, growing population along with rising disposable income levels will fuel automobile demand further driving regional growth.
Europe was estimated at USD X million in 2017 and is anticipated to grow at a CAGR of XX% from 2018 to 2030 owing to stringent regulations by the European government regarding VOC emissions coupled with high standards set by EU for fuel efficiency improvement across all categories including passenger cars, commercial vehicles as well as motorcycles & scooters has resulted into increased demand for light weight OE replacement parts which will drive regional growth over the forecast period.
Growth Factors:
- Increasing demand for passenger cars: The global demand for passenger cars is expected to grow at a CAGR of around 4% during the forecast period. This will lead to an increase in the demand for light vehicle OE tyres.
- Stringent emission norms: Stringent emission norms are being implemented by various governments across the world in a bid to reduce environmental pollution levels. This is leading to an increase in the demand for low-emission tyres, thereby driving the growth of the light vehicle OE tyre market.
- Technological advancements: Tyre manufacturers are investing heavily in R&D activities with a view to develop innovative and technologically advanced products that can cater to the needs of consumers worldwide. This is helping them stay competitive and gain a larger share in the global light vehicle OE tyre market.
Scope Of The Report
Report Attributes
Report Details
Report Title
Light Vehicle OE Tyres Market Research Report
By Type
Radial Tires, Bias Tires
By Application
Commercial Vehicle, Passenger Vehicle
By Companies
Al-Amoudi, Apollo Tyres, Bridgestone Corporation, Maxxis, Continental, Cooper Tire & Rubber, Goodyear Tire & Rubber Company, Hankook Tire, Kumho Tire, Michelin SCA, Multistrada Arah Sarana, Nexen Tire, Nokian Tyres, PT Gajah Tunggal, Pirelli, Sailun Tyre, YOKOHAMA, Sumitomo, Toyo Tire, Trelleborg, Triangle Tire, Yokohama Tire
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
186
Number of Tables & Figures
131
Customization Available
Yes, the report can be customized as per your need.
Global Light Vehicle OE Tyres Market Report Segments:
The global Light Vehicle OE Tyres market is segmented on the basis of:
Types
Radial Tires, Bias Tires
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Commercial Vehicle, Passenger Vehicle
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Al-Amoudi
- Apollo Tyres
- Bridgestone Corporation
- Maxxis
- Continental
- Cooper Tire & Rubber
- Goodyear Tire & Rubber Company
- Hankook Tire
- Kumho Tire
- Michelin SCA
- Multistrada Arah Sarana
- Nexen Tire
- Nokian Tyres
- PT Gajah Tunggal
- Pirelli
- Sailun Tyre
- YOKOHAMA
- Sumitomo
- Toyo Tire
- Trelleborg
- Triangle Tire
- Yokohama Tire
Highlights of The Light Vehicle OE Tyres Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Radial Tires
- Bias Tires
- By Application:
- Commercial Vehicle
- Passenger Vehicle
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Light Vehicle OE Tyres Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Light Vehicle OE Tyres are tyres that have been designed specifically for use on light vehicles. They are typically lighter and more durable than standard tyres, making them better suited to use on smaller, less-powerful vehicles.
Some of the major players in the light vehicle oe tyres market are Al-Amoudi, Apollo Tyres, Bridgestone Corporation, Maxxis, Continental, Cooper Tire & Rubber, Goodyear Tire & Rubber Company, Hankook Tire, Kumho Tire, Michelin SCA, Multistrada Arah Sarana, Nexen Tire, Nokian Tyres, PT Gajah Tunggal, Pirelli, Sailun Tyre, YOKOHAMA, Sumitomo, Toyo Tire, Trelleborg, Triangle Tire, Yokohama Tire.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Light Vehicle OE Tyres Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Light Vehicle OE Tyres Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Light Vehicle OE Tyres Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Light Vehicle OE Tyres Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Light Vehicle OE Tyres Market Size & Forecast, 2018-2028
4.5.1 Light Vehicle OE Tyres Market Size and Y-o-Y Growth
4.5.2 Light Vehicle OE Tyres Market Absolute $ Opportunity
Chapter 5 Global Light Vehicle OE Tyres Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Light Vehicle OE Tyres Market Size Forecast by Type
5.2.1 Radial Tires
5.2.2 Bias Tires
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Light Vehicle OE Tyres Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Light Vehicle OE Tyres Market Size Forecast by Applications
6.2.1 Commercial Vehicle
6.2.2 Passenger Vehicle
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Light Vehicle OE Tyres Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Light Vehicle OE Tyres Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Light Vehicle OE Tyres Analysis and Forecast
9.1 Introduction
9.2 North America Light Vehicle OE Tyres Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Light Vehicle OE Tyres Market Size Forecast by Type
9.6.1 Radial Tires
9.6.2 Bias Tires
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Light Vehicle OE Tyres Market Size Forecast by Applications
9.10.1 Commercial Vehicle
9.10.2 Passenger Vehicle
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Light Vehicle OE Tyres Analysis and Forecast
10.1 Introduction
10.2 Europe Light Vehicle OE Tyres Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Light Vehicle OE Tyres Market Size Forecast by Type
10.6.1 Radial Tires
10.6.2 Bias Tires
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Light Vehicle OE Tyres Market Size Forecast by Applications
10.10.1 Commercial Vehicle
10.10.2 Passenger Vehicle
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Light Vehicle OE Tyres Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Light Vehicle OE Tyres Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Light Vehicle OE Tyres Market Size Forecast by Type
11.6.1 Radial Tires
11.6.2 Bias Tires
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Light Vehicle OE Tyres Market Size Forecast by Applications
11.10.1 Commercial Vehicle
11.10.2 Passenger Vehicle
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Light Vehicle OE Tyres Analysis and Forecast
12.1 Introduction
12.2 Latin America Light Vehicle OE Tyres Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Light Vehicle OE Tyres Market Size Forecast by Type
12.6.1 Radial Tires
12.6.2 Bias Tires
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Light Vehicle OE Tyres Market Size Forecast by Applications
12.10.1 Commercial Vehicle
12.10.2 Passenger Vehicle
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Light Vehicle OE Tyres Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Light Vehicle OE Tyres Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Light Vehicle OE Tyres Market Size Forecast by Type
13.6.1 Radial Tires
13.6.2 Bias Tires
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Light Vehicle OE Tyres Market Size Forecast by Applications
13.10.1 Commercial Vehicle
13.10.2 Passenger Vehicle
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Light Vehicle OE Tyres Market: Competitive Dashboard
14.2 Global Light Vehicle OE Tyres Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Al-Amoudi
14.3.2 Apollo Tyres
14.3.3 Bridgestone Corporation
14.3.4 Maxxis
14.3.5 Continental
14.3.6 Cooper Tire & Rubber
14.3.7 Goodyear Tire & Rubber Company
14.3.8 Hankook Tire
14.3.9 Kumho Tire
14.3.10 Michelin SCA
14.3.11 Multistrada Arah Sarana
14.3.12 Nexen Tire
14.3.13 Nokian Tyres
14.3.14 PT Gajah Tunggal
14.3.15 Pirelli
14.3.16 Sailun Tyre
14.3.17 YOKOHAMA
14.3.18 Sumitomo
14.3.19 Toyo Tire
14.3.20 Trelleborg
14.3.21 Triangle Tire
14.3.22 Yokohama Tire
